Xingyu Shares has launched a second buyback plan of up to 200 million yuan, right after completing its first round of 300 million yuan. The company announced on July 27 that it plans to use its own funds to repurchase shares through centralized bidding, with an amount between 100 million and 200 million yuan, and a maximum repurchase price of 148.51 yuan per share. It expects to buy back between 670,000 and 1.35 million shares, accounting for 0.2357% to 0.4714% of the total share capital. This buyback was proposed by Ms. Zhou Xiaoping, the controlling shareholder, actual controller, chairwoman, and general manager, and will be used for cancellation and capital reduction, while the first round was used for employee stock ownership plans or equity incentives. The first buyback started on December 10, 2025, and was completed by July 20, with a cumulative repurchase of 2.4708 million shares, representing 0.8649% of total share capital, using 299.8 million yuan. The two rounds combined could reach up to 500 million yuan, but the company's stock price has still fallen about 26% this year.
Changzhou Xingyu Automotive Lighting Systems Co LtdCompany launches second buyback of up to 200 million yuan for cancellation, signaling confidence and returning capital to shareholders.